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Note 5 - Derivatives (Tables) | 9 Months Ended
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Sep. 30, 2024
Notes Tables |
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block] |
|  |  |  |  |  | Cumulative Amount of Fair Value |
Line item in the statement of financial |  |  |  |  |  | Hedging Adjustment Included in |
position in which the hedged Item is |  | Carrying Amount of the |  |  | the Carrying Amount of the |
included |  | Hedged Assets |  |  | Hedged Assets |
September 30, 2024 |  |  |  |  |  |  |  |
Investment securities (1) |  | $ | 57,829 |  |  | $ | 2,171 |
Total |  | $ | 57,829 |  |  | $ | 2,171 |
December 31, 2023 |  |  |  |  |  |  |  |
Investment securities (1) |  | $ | 56,785 |  |  | $ | 3,215 |
Total |  | $ | 56,785 |  |  | $ | 3,215 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] |
|  | September 30, 2024 |
|  |  |  |  |  | Fair Value |
Cash flow and fair value hedges: |  | Notional |  |  | Asset |  |  | Liability |
Interest rate swaps |  | $ | 340,000 |  |  | $ | 1,943 |  |  | $ | 1,175 |
Non-hedging derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Fallout adjusted interest rate lock commitments with customers |  |  | 36,838 |  |  |  | 292 |  |  |  | — |
Mandatory and best effort forward commitments with investors |  |  | 25,199 |  |  |  | — |  |  |  | 77 |
Forward TBA mortgage-backed securities |  |  | 54,000 |  |  |  | — |  |  |  | 61 |
Interest rate swaps - customer swap positions |  |  | 801 |  |  |  | — |  |  |  | 46 |
Interest rate swaps - dealer offsets to customer swap positions |  |  | 801 |  |  |  | 47 |  |  |  | — |
|  | December 31, 2023 |
|  |  |  |  |  | Fair Value |
Cash flow and fair value hedges: |  | Notional |  |  | Asset |  |  | Liability |
Interest rate swaps |  | $ | 310,000 |  |  | $ | 6,431 |  |  | $ | 375 |
Non-hedging derivatives: |  |  |  |  |  |  |  |  |  |  |  |
Fallout adjusted interest rate lock commitments with customers |  |  | 22,334 |  |  |  | 329 |  |  |  | — |
Mandatory and best effort forward commitments with investors |  |  | 10,070 |  |  |  | — |  |  |  | 188 |
Forward TBA mortgage-backed securities |  |  | 33,000 |  |  |  | — |  |  |  | 284 |
Interest rate swaps - customer swap positions |  |  | 801 |  |  |  | — |  |  |  | 63 |
Interest rate swaps - dealer offsets to customer swap positions |  |  | 801 |  |  |  | 64 |  |  |  | — |
Derivative Instruments, Gain (Loss) [Table Text Block] |
|  | Three Months Ended September 30, |
|  | 2024 |  |  | 2023 |
|  | Interest |  |  | Interest |  |  | Interest |  |  | Interest |
|  | Expense |  |  | Income |  |  | Expense |  |  | Income |
|  | Deposits and Borrowings |  |  | Securities |  |  | Deposits and Borrowings |  |  | Securities |
Total amounts presented on the Consolidated Statements of Income |  | $ | 15,314 |  |  | $ | 3,243 |  |  | $ | 12,151 |  |  | $ | 3,396 |
Net gains (losses) on fair value hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps - securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recognized on hedged items |  | $ | — |  |  | $ | 2,432 |  |  | $ | — |  |  | $ | (1,286 | )
Recognized on derivatives designated as hedging instruments |  |  | — |  |  |  | (2,432 | ) |  |  | — |  |  |  | 1,286 |
Net interest income recognized on cash flows of derivatives designated as hedging instruments |  |  | — |  |  |  | 433 |  |  |  | — |  |  |  | 556 |
Net income recognized on fair value hedges |  | $ | — |  |  | $ | 433 |  |  | $ | — |  |  | $ | 556 |
Net gain on cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps - brokered deposits and borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Realized gains (pre-tax) reclassified from AOCI into net income |  | $ | 1,151 |  |  | $ | — |  |  | $ | 1,446 |  |  | $ | — |
Net income recognized on cash flow hedges |  | $ | 1,151 |  |  | $ | — |  |  | $ | 1,446 |  |  | $ | — |
|  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
|  | Interest |  |  | Interest |  |  | Interest |  |  | Interest |
|  | Expense |  |  | Income |  |  | Expense |  |  | Income |
|  | Deposits and Borrowings |  |  | Securities |  |  | Deposits and Borrowings |  |  | Securities |
Total amounts presented on the Consolidated Statements of Income |  | $ | 44,416 |  |  | $ | 10,660 |  |  | $ | 28,445 |  |  | $ | 8,667 |
Net gains (losses) on fair value hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps - securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recognized on hedged items |  | $ | — |  |  | $ | 1,044 |  |  | $ | — |  |  | $ | (689 | )
Recognized on derivatives designated as hedging instruments |  |  | — |  |  |  | (1,044 | ) |  |  | — |  |  |  | 689 |
Net interest income recognized on cash flows of derivatives designated as hedging instruments |  |  | — |  |  |  | 1,272 |  |  |  | — |  |  |  | 1,212 |
Net income recognized on fair value hedges |  | $ | — |  |  | $ | 1,272 |  |  | $ | — |  |  | $ | 1,212 |
Net gain on cash flow hedging relationships: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps - brokered deposits and borrowings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Realized gains (pre-tax) reclassified from AOCI into net income |  | $ | 4,021 |  |  | $ | — |  |  | $ | 3,624 |  |  | $ | — |
Net income recognized on cash flow hedges |  | $ | 4,021 |  |  | $ | — |  |  | $ | 3,624 |  |  | $ | — |
Offsetting Assets [Table Text Block] |
|  |  |  |  |  | Gross Amounts |  |  | Net Amounts of Assets |  |  | Gross Amounts Not Offset |
|  | Gross Amounts |  |  | Offset in the |  |  | Presented in the |  |  | in the Statement of Financial Position |
|  | of Recognized |  |  | Statement of |  |  | Statement of |  |  | Financial |  |  | Cash Collateral |  |  |  |  |
Offsetting of derivative assets |  | Assets |  |  | Financial Position |  |  | Financial Position |  |  | Instruments |  |  | Received |  |  | Net Amount |
At September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 3,350 |  |  | $ | 1,360 |  |  | $ | 1,990 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,990 |
At December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | 6,648 |  |  | $ | 153 |  |  | $ | 6,495 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,495 |
Offsetting Liabilities [Table Text Block] |
|  |  |  |  | Gross Amounts |  |  | Net Amounts of |  |  | Gross Amounts Not Offset |
|  | Gross Amounts |  |  | Offset in the |  |  | Liabilities |  |  | in the Statement of Financial Position |
|  | of Recognized |  |  | Statement of |  |  | Presented in the Statement |  |  | Financial |  |  | Cash Collateral |  |  |  |
Offsetting of derivative liabilities |  | Liabilities |  |  | Financial Position |  |  | of Financial Position |  |  | Instruments |  |  | Posted |  |  | Net Amount |
At September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (2,535) |  |  | $ | (1,360) |  |  | $ | (1,175) |  |  | $ | — |  |  | $ | 1,000 |  |  | $ | (175) |
At December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | $ | (722) |  |  | $ | (347) |  |  | $ | (375) |  |  | $ | — |  |  | $ | 270 |  |  | $ | (105) |

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